Another problem has arisen for Pakistan, which is facing the effects of the financial crisis. Imran Khan’s government is now having to deal with the consequences of the war between Russia and Ukraine. Due to the war between Russia and Ukraine, Pakistan is experiencing a shortage of petroleum products. He has only five days’ supply of diesel left.
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As reported in The Express Tribune, Pakistani banks have also refused to lend to oil companies due to their high-risk status. The Imran government in Pakistan is also in trouble because of the decrease in diesel stock. While the opposition is mobilized, on one hand, the reduction in diesel stock in the country is more likely to lead to an increase in inflation.
Consumer prices in Pakistan are rising at an all-time high of 13 percent, as measured by the Consumer Price Index (CPI). According to ‘Dawn’ newspaper, this is the most increased CPI inflation since January 2020, when it was 14.6%.
In response to the opposition’s motion of no confidence against him, Imran Khan said he did not enter politics to control ‘potato and tomato prices’. During a political rally in Hafizabad in Punjab province, Khan said the country will stand against those elements that want to overthrow the government using money power.
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